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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 24, 1995
GEV CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-9859 06-1215192
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
191 Mason Street, Greenwich, Connecticut 06830
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 203-629-8014
Not Applicable
(Former name or former address, if changed from last report)
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Item 5. Other Events.
On January 24, 1995, GEV Corporation (the "Registrant") issued a press
release announcing that it had entered into a letter of intent with Pioneer
Americas, Inc. ("Pioneer") for the acquisition by the Registrant of Pioneer, a
copy of which press release is attached hereto as Exhibit 99.1 and
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Text of Press Release issued by GEV Corporation,
dated January 24, 1995.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GEV CORPORATION
By: /s/ Nelson A. Barber
Name: Nelson A. Barber
Title: Vice President -- Chief
Financial Officer and
Treasurer
Date: January 31, 1995
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EXHIBIT INDEX
Exhibit
99.1 Text of Press Release issued by GEV
Corporation, dated January 24, 1995.
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EXHIBIT 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE
GEV CORPORATION ANNOUNCES
PROPOSAL TO ACQUIRE PIONEER AMERICAS, INC.
Contact: Andrew M. Bursky
(203) 629-8750
Greenwich, Connecticut, January 24, 1995. GEV Corporation today
announced that it had entered into a letter of intent with Pioneer Americas,
Inc. for the acquisition by GEV of Pioneer. Pioneer, based in Houston, Texas,
manufactures chlorine, caustic soda and related products used in a variety of
applications, including water treatment, plastics, detergents and agricultural
chemicals. Pioneer had revenues of approximately $165 Million for the year
ended December 31, 1994. The purchase price was not disclosed.
The proposed acquisition is subject to various conditions, including the
negotiation and execution of definitive documentation and the receipt of
required approvals as well as the receipt of commitments for the financing
necessary to effect the acquisition.
GEV, formerly Finevest Foods, Inc., does not presently conduct any
operations. GEV intends to change its name to Pioneer Americas, Inc. upon the
consummation of the transaction.
GEV's common stock is traded in the over-the-counter market.
